Ford Enjoys Bullish Drive Ahead Of Q3 Earnings, Struggles To Break Through Higher Resistance Levels
Portfolio Pulse from Surbhi Jain
Ford Motor Co (NYSE:F) is set to report its Q3 earnings with Wall Street expecting 47 cents EPS and $41.88 billion in revenues. The stock shows a moderately bullish trend, trading above key moving averages, but faces resistance at higher levels. Analysts see a 16% upside with a price target of $13.
October 28, 2024 | 1:51 pm
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Ford is showing bullish signals ahead of its Q3 earnings, trading above key moving averages. However, it faces resistance at higher levels, with analysts predicting a 16% upside to a $13 price target.
Ford's stock is trading above its 8-day, 20-day, and 50-day SMAs, indicating bullish momentum. The MACD supports this trend, suggesting potential short-term gains. However, resistance at the 200-day SMA and a rising RSI indicate possible challenges. Analysts' price targets suggest a 16% upside, reinforcing positive sentiment.
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IMPORTANCE 80
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